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According to an analysis by Tommy, there is a significant gap in valuation and revenue conversion for Chinese open-source AI companies, with their price-to-sales ratio (P/S) far exceeding that of leading counterparts in the United States.Data shows that Zhipu, which developed the GLM 5.2 model, currently has a market value of approximately $137 billion, but its revenue for the fiscal year 2025 is about $107 million, resulting in a price-to-sales ratio as high as 1280 times; MiniMax has a market value of about $23 billion, with a price-to-sales ratio of approximately 290 times. In contrast, the valuations of leading AI laboratories in the United States are more solid, with OpenAI (valued at about $852 billion) and Anthropic (valued at about $965 billion) having price-to-sales ratios of only 34 times and 21 times, respectively.It is believed that due to overseas users' concerns about data privacy, they are unwilling to send data directly to China, resulting in the massive demand for Chinese AI companies not being converted into actual API revenue, leading to significant profit loss to overseas third-party inference service providers (such as OpenRouter, etc.). To support their current high valuations, Chinese AI companies urgently need to prove their data non-retention mechanisms and capture the market at low prices, or explore revenue-sharing and initial licensing collaborations with overseas inference platforms to expand their actual revenue scale.

According to Jinshi citing Al Jazeera, Iranian President Pezeshkian announced more details about the US-Iran agreement. The Iranian president stated that as part of a preliminary agreement to end the war with the United States, the $6 billion in frozen funds currently held by Qatar will be returned. All terms of the memorandum of understanding are favorable to Iran, and the results of these negotiations and discussions will gradually become apparent. The Iranian president also mentioned that Trump "previously prohibited us from doing many things, and now he declares that all of this belongs to the rights of the Iranian people and nation."Pezeshkian also mocked Israeli Prime Minister Netanyahu, saying he would "be the first to be dissatisfied with the Swiss negotiations." He further stated that the only demand from the United States is that Iran does not possess atomic bombs. Former Iranian Supreme Leader Khamenei has also repeatedly stated that Iran does not want atomic bombs. The United States requires Iran to commit in writing not to possess nuclear weapons, and Iran signed it.

According to Solid Intel, the payment of approximately $12 billion in frozen assets from Iran may be completed using the Trump-related stablecoin USD1 (the World Liberty Financial stablecoin launched by World Liberty Financial). Sources say that the relevant transaction is expected to be approved through the democratic voting process of the World Liberty Financial forum, and all payments will be settled in USD1.

According to Whale Alert monitoring, an address with a balance of 72,030,295 USDT (approximately 71,967,245 USD) has been frozen by Tether.

According to the Bangkok Post, Thai police raided a scam base in the Saraphi district of Chiang Mai province, arresting 10 Chinese citizens and seizing 67 mobile phones, 7 iPads, and 13 laptops.

Yuga Labs CEO Michael Figge posted on the X platform that his team has just completed a white hat operation on a vulnerability found in the Flooring Protocol. The following assets are now safely held by Yuga Labs: 29 Bored Apes, 4 Mutant Apes, 1 BAKC, 2 CryptoPunks, 1 Azuki, 2 Elementals; 26 Captains, 1 Moonbird, 2 Doodles.Team Vice President @0xQuit recovered these assets, and @coffeedev discovered that the same vulnerability posed a greater risk to other Flooring collectible series (such as BAYC and CryptoPunks). Figge instructed GrailsOTC trading desk to advance funds and NFTs to rescue the at-risk assets from the protocol. The team will work with the protocol developers to return the assets.

According to a post by Specter, it has jointly frozen $91,000 of the stolen funds from Gravity Bridge with ChangeNOW. The attacker still holds most of the funds and has not transferred them.Previously, it was reported that the key to the Gravity Bridge bridging contract was leaked, resulting in $5.4 million in assets being stolen. The assets extracted by the attacker include: $4.3 million USDC, 274 WETH (worth approximately $553,000), $434,000 USDT, and $64,000 PAYG. The addresses involved are 0x7B58...1F9 and 0x4d3c...A47.

ZachXBT stated that approximately $12.4 million in funds in the Zama cUSDC contract, which was blacklisted by Circle, may be associated with the DeFi project Overnight Finance, which has recently been embroiled in controversy due to accusations against its team of a Rug Pull.

According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the financial regulatory framework.She criticized the current regulatory approach for being overly inclined towards government surveillance, arguing that technology should serve to protect personal privacy rather than expand the scope of surveillance, and pointed out that blockchain public wallet addresses can reduce the risk of personal information leakage for investors while meeting compliance requirements.Peirce also invited technology teams that can minimize personal information collection while meeting KYC and anti-money laundering regulatory requirements to actively collaborate with the SEC's Crypto Task Force.

Tether-supported mobile wallet Oobit clarified in a post on platform X that previously, after "on-chain detective" ZachXBT disclosed that the stablecoin issuer StablR's two smart contracts (EURR and USDR) suffered a vulnerability attack of approximately $13.5 million, related funds attempted to exit through Oobit. However, its compliance team identified the abnormal behavior and successfully froze EURR funds worth six figures, while also closing the exit channel. This incident did not affect any user funds, and Oobit's own system was not breached. They are currently cooperating with StablR and investigators to advance subsequent handling.Earlier reports indicated that StablR suffered a loss of approximately $28 million due to a hacker attack, with both EURR and USDR losing their peg.

According to crypto KOL Yusuf's monitoring, yesterday the EURR and USDR contracts under the European stablecoin issuer StabIR were attacked, resulting in losses exceeding 10 million dollars.After the incident, over 100,000 dollars of stolen funds have been frozen, and the USDR and EURR have depegged by more than 20%.

According to Polymarket's Vice President of Engineering Josh Stevens, with the assistance of ZachXBT, BitcoinVN, and ChangeNOW, $164,000 in funds have been frozen in the Polymarket private key leak incident, accounting for approximately 28.6% of the total amount transferred, which is $573,200. Josh stated that this incident did not affect Polymarket or the UMA smart contract, user funds are safe, and the platform is operating normally. Investigations show that the incident originated from a private key that had existed for about 6 years, which was used for internal recharge configuration, leading to funds being continuously sent to the affected address. The relevant team is continuing to track the flow of the remaining stolen funds.

According to Forbes, U.S. Treasury Secretary Scott Bessent stated that the U.S. Treasury has frozen nearly $500 million in cryptocurrency assets related to the Iranian regime, including $344 million frozen last month.The report states that Iran currently controls about $7.7 billion in digital assets and uses Bitcoin to settle payments for shipping insurance via the Strait of Hormuz.The U.S. is intensifying its crackdown on Iran's cryptocurrency activities to cut off its channels for evading sanctions and transferring funds. Industry insiders say that cryptocurrency transactions can still be tracked, and the U.S. may further pressure by restricting cryptocurrency exchanges' access to the U.S. banking system.

According to Bits.media, the Central Bank of Russia aims to prohibit Russian citizens from trading on cryptocurrency exchanges that comply with international sanctions. Ekaterina Lozgacheva, head of the Central Bank's Strategic Development Department, stated that the Central Bank plans to ban Russians from trading on foreign cryptocurrency exchanges that adhere to international sanctions. Russians can only trade cryptocurrencies on foreign platforms through Russian brokers, provided that these foreign platforms do not comply with international sanctions.The country's central bank will establish its own standards for foreign platforms that Russian brokers and investors can use. Lozgacheva noted that even trading cryptocurrencies abroad through Russian intermediaries is subject to foreign regulation, posing additional risks. The annual purchase limit for non-professional investors is set at 300,000 rubles, and they can only access the most liquid cryptocurrency assets through domestic brokers. A test must be completed before trading, and qualified investors are not subject to the limit but must also undergo testing. Relevant restrictions will be included in the second reading version of the draft "Digital Currency and Digital Rights Law," with key provisions expected to take effect on July 1.

According to Jinshi, citing Iranian media Fars News, the United States has made the unfreezing of up to 25% of Iran's frozen assets a condition, and also demands that Iran must hand over 400 kilograms of enriched uranium. Sources say that the United States has set conditions in its response to Iran, requiring Iran to operate only one nuclear facility, and the United States has made it clear that it will not pay any compensation to Iran.

According to a report by the Korea Herald, data obtained by South Korean National Power Party member Kang Min-guk from the Financial Supervisory Service shows that as of May 4, a total of 15 virtual asset service providers have ceased operations in South Korea, affecting approximately 1.949 million users, with frozen assets amounting to 22.1 billion won (14.87 million USD). Among them, only 6 operators have transferred user assets to the Digital Asset Protection Foundation, involving 1.92 million users and assets of about 2.36 billion won (1.59 million USD). Only 131 users have recovered their assets through the foundation, accounting for 0.006% of all users, with returned assets of about 74.52 million won (50,000 USD), which is only 0.3% of the total assets.Member Kang pointed out that current laws do not require service providers to transfer user assets to the foundation when ceasing operations, lacking legal enforcement mechanisms, and the foundation has not actively promoted the asset recovery application process. He urged the Financial Supervisory Service to expedite the advancement of the second phase of legislation to strengthen user protection mechanisms.

According to official news, based on the update from the Arbitrum DAO proposal, a judgment creditor in an unrelated case served a restraining order to Arbitrum DAO regarding the ETH frozen after the rsETH incident. A few days later, Aave LLC filed an emergency motion to vacate. The court modified the restraining order, allowing for on-chain Arbitrum voting and transferring the frozen ETH to Aave LLC.After the transfer, the restraining order will attach to Aave LLC. The revised constitutional AIP retains the asset recovery intent approved by Arbitrum DAO, and ETH will still be used for the recovery of the rsETH incident. Aave LLC will comply with all court obligations during the litigation process.

In February this year, several Chinese citizens were raided by the police at a rented villa in Country Heights, Kajang, Malaysia. The police claimed to suspect that the Chinese citizens were involved in fraud, and subsequently, the Chinese citizens were forced to transfer about $50,000 (approximately 200,000 ringgit) in USDT. The police later arrested 12 officers involved in the case and removed them from frontline duties, but the investigation still awaits technical reports and digital evidence results, and there has been no breakthrough to date.Lawyer Charles, representing eight Chinese victims, stated that the investigation is progressing too slowly. Since the arrest of the 12 involved police officers, there has been no further information, raising suspicions of internal interference attempting to suppress the case. He warned that if there is internal protection, he will file a complaint with the Malaysian Anti-Corruption Commission.

The People's Court of Haidian District, Beijing, disclosed a case involving virtual currency "box opening." The defendant illegally obtained citizens' personal information through encrypted communication tools and other channels, unlawfully acquiring over 900 million pieces of information data, building a "social engineering database" website storing over 170 million pieces of citizens' personal information, and profiting by selling it in exchange for virtual currency. Additionally, they used encrypted communication tools to establish a "box opening hang person" group to publish illegal information that infringes on privacy.The court sentenced the principal offender, Lin, to 7 years in prison for the crime of infringing on citizens' personal information and the crime of illegally using information networks, and imposed a fine of 70,000 yuan.